This month has been marked by key milestones which are making the Government’s position more vulnerable, only eleven months into term. Among these, the fragmentation of the leading party’s Members of Congress, which is weakening the President’s capacity for negotiation in Congress, and the progress in the investigations by the Public Prosecutor into the president and his circle.
Another important milestone is the approval of the ruling to return to bicameralism and congressional reelection, which has a high probability of getting approved at the Plenary, since it was supported by a majority in the Constitution Committee. Its approval could generate incentives in a sector of Congress to favor a scenario of interruption to the president’s mandate, whether through early elections or impeachment.
Moving forward, the election of the Congressional Steering Committee will be key for scenarios in the medium term. The election of someone to convene and reconcile could give Congress new momentum, as well as refresh its image which is currently worse than that of the Government.
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Head of Political Analysis
During the 2Q2024, economic growth was driven by the rebound of primary sectors, such as traditional agriculture and fishing, and by higher public spending, supported by an estimated increase of 11% in public wages and 16% in public investment, adjusting for inflation.
During the month of August, attention was focused on the dynamics within Congress. In view of the election of the Board of Directors and the recomposition of the ordinary commissions, numerous movements were recorded in the benches.
Although the implicit alliance between the Executive and the Legislative remains in force, in recent months we have seen a progressive weakening of the Executive.
